HONG KONG May 16 China shares ended slightly
higher on Friday with weakness in the technology sector capping
gains, but secured their first weekly rise after four weeks of
The Shanghai Composite Index ended up 0.1 percent at
2,026.50 points. The CSI300 of the leading Shanghai
and Shenzhen A-share listings also closed up 0.1 percent.
On the week, the Shanghai Composite closed up 0.8 percent.
The Nasdaq-style ChiNext Composite Index of
mostly high-tech start-ups listed in Shenzhen slumped 1.7
percent as investors are concerned about valuation on the
Wangsu Science & Technology Co dived 9.0 percent
and Hangzhou Shunwang Technology Co stumbled 6.1
The property sector recovered some losses from Thursday
ahead of the data on April house prices due on Sunday.
Poly Real Estate Group Co Ltd was up 1.6
percent, as was China Vanke Co Ltd. Both developers
had a weekly gain of more than 5 percent.
(Reporting by Grace Li; Editing by Jacqueline Wong)